Miners need to invest $150bn to avoid looming supply shortages
While #Miners are holding off on new projects and looking to slow the completion of ones in the works as they face the worst #Commodity price collapse since 2008, research house #WoodMackenzie warns the industry could be paving the way for a major supply shortage.
In a presentation prepared for clients at #LME Week in London, the firm’s vice chairman of metals and mining research, Julian Kettle, draws together the overall outlook for #Metals, citing the challenges of lower commodity prices, pressure from shareholders to curtail investment and a new reality of lower demand growth. Wood Mackenzie concludes that if the industry fails to invest the US$150 billion required to meet future supply needs, looming supply shortages will follow.
Read more at: http://www.mining.com/miners-need-to-invest-150bn-to-avoid-looming-supply-shortages/